Phishing is well known for all of us , but how many knows about tab nabbing , hook phishing , and other flavors of phishing , we take phishing the silliest hacking technique , but phishing damages can even make a billionere to a beggar . Advanced hackers make use of phishing in creative way of their own to make even the best techies believe that the webpage is original one , url manipulation and usage of html & javascript timouts make phishing one of the scariest hacks ever made . The papers explains a brief description about advanced phishing techniques , various ways in which phishing can be used to build a catastrophic economic damage & how to safeguard our self from phishing .